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NECA urges FG to adopt alternative policies for private sector growth

The Director-General of the Nigeria Employers’ Consultative Association, Adewale Oyerinde, has encouraged the Federal Government to adopt alternative policies to foster growth and development in the private sector.

Oyerinde said this during a press conference on the upcoming Nigeria Employers’ Summit, themed ‘Economic Renaissance: Harnessing Government Reforms and Private Sector Agility’, scheduled to be held on June 25-26, 2024, in Abuja.

He remarked that the private sector had established itself as an essential pillar for national development.

He noted that having endured various reforms and economic plans, it consistently acts as the primary engine of national growth.

“The summit facilitates dialogue between employers, government agencies, and stakeholders to address crucial issues in the private sector. It aims to strengthen engagement and propose alternative policies, acknowledging the government’s need for recommendations,” Oyerinde said.

According to the NECA boss, the new government’s reforms are impacting national life differently, stating that NECA aimed to facilitate opportunities for government interaction with organised businesses on these reforms.

He further mentioned that the summit aimed to connect the reforms with the private sector rather than scrutinise them, noting that it would also explore how the government could leverage the private sector’s agility to navigate those reforms and achieve the desired outcomes.

Also,  the Chairman, of the Committee of Finance Experts, NECA, who is also the co-chair of the summit,  Olumuyiwa Adebayo, said, “The summit will allow employers of labour to sit with those are policymakers to share the common ground of understanding some of the goals of the summit which entails fostering dialogue.

According to Adebayo, the government needs to create an enabling environment for businesses to thrive.

On her part, the Chairperson NECA Committee Corporate Communications and Public Affairs and co-chair of the Annual Nigeria Employers’ Summit, Mrs Victoria Uwadoka, emphasised the importance of collaboration between the private sector and the government.

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